Codere Online's Nasdaq Listing Secured with Q4-24 Earnings Ahead
Codere Online's Listing on Nasdaq Extended
Recently, Codere Online Luxembourg, S.A. (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, secured a critical extension for its listing on Nasdaq. This extension was confirmed through a letter received from the Nasdaq Hearings Panel on a recent date, which allows the company to continue its operations on this significant platform.
Compliance with Nasdaq Requirements
The decision by the Hearings Panel came after they evaluated Codere Online's strategic plans during a hearing. The company has put significant effort into regaining compliance with the necessary regulations, specifically the Listing Rule 5250(c)(1). In response to these requirements, Codere Online is collaborating with its new auditor to ensure the timely filing of its annual report for the year ending December 31, 2023, satisfying Nasdaq's requests.
Upcoming Financial Results
Following the recent positive developments, Codere Online has announced that it will publish its financial results for the fourth quarter of 2024. The earnings report is slated to be released on a Thursday morning before US markets open. Additionally, management will conduct a conference call to discuss these results and provide insights into the company's direction and strategies moving forward.
Codere Online’s Growth and Operations
Launched in 2014, Codere Online has rapidly established itself as a key player in the online gaming industry. The company provides various gaming experiences, including online sports betting and casino games, through its advanced website and mobile applications. With a robust presence in its core markets such as Spain, Mexico, Colombia, Panama, and Argentina, Codere Online continues to expand its footprint by merging online services with Codere Group's physical operations.
The Importance of Financial Transparency
Maintaining transparency in financial reporting is crucial for Codere Online as it navigates the competitive landscape of online gaming. By adhering to Nasdaq's guidelines and focusing on timely reporting, the company aims to enhance investor confidence and ensure its stakeholders are well-informed of its performance. Investors eagerly await the upcoming earnings report, which will shed light on the financial health and growth prospects of the company.
Additional Contact Information
Investors seeking further information on Codere Online can reach out to Guillermo Lancha, the Director of Investor Relations and Communications. He is available to answer questions and provide additional insight into the company's operations and financial standing.
Frequently Asked Questions
What is the significance of Codere Online's Nasdaq listing?
Codere Online's Nasdaq listing indicates its commitment to regulatory compliance and provides visibility and credibility to investors, enhancing its access to capital.
When will Codere Online release its Q4-2024 earnings?
The earnings report for Q4-2024 will be released before the market opens on a Thursday morning, giving investors crucial insights into the company's performance.
Who can I contact for more information about Codere Online?
For further inquiries, investors can reach out to Guillermo Lancha, the Director of Investor Relations and Communications at Codere Online.
How does Codere Online maintain its competitive edge?
Codere Online combines its online offerings with physical casino operations, creating a comprehensive gaming experience that appeals to a broader audience.
What markets does Codere Online operate in?
Codere Online operates in several markets, including Spain, Mexico, Colombia, Panama, and Argentina, expanding its reach within the online gaming sector.
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